The rate of harvest of wheat in France is significantly lower than last year
French farmers continue to raise soft wheat. According to the Agency FranceAgriMer, as of July 25, threshed 41% of the acreage, while last week the figure was 17% a year ago – 68%.
the Condition of crops in the past week has again deteriorated. The share of crops in good and excellent condition decreased from 42% last week to 40%, whereas a year ago the figure was 77%.
a very bad condition of crops, the wheat crop will not exceed 30 million, and will be the lowest in the last 40 years.
Much delayed harvest of spring barley. As of July 25, threshed 13% of the area, whereas a week ago the figure was 7% and last year on this date was handled by 67% of the area. Winter barley is already fully assembled.
Pessimistic sentiment, traders added the news that because of rising domestic prices due to unfavorable forecasts of future crops, France in August, imports an unusually large batch of Romanian wheat.
the bulk carrier Panamax in the second half of August will be transferred from Romania to the French port of Dunkirk batch of wheat of 55-60 thousand tons. Traders fear that in the near future France may buy a few more batches of Romanian wheat.
France is the largest wheat importer in the EU typically imports a small amount of Romanian grain. During the season 2015/15 MG import of wheat exceeded 17.5 thousand tons.